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Macerich (MAC) Gets a Hold from Piper Sandler

Tipranks - Tipranks - Fri Feb 20, 6:28AM CST

Piper Sandler analyst Alexander Goldfarb maintained a Hold rating on Macerich today and set a price target of $19.00.

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Goldfarb covers the Real Estate sector, focusing on stocks such as Eastgroup Properties, Mid-America Apartment, and SL Green Realty. According to TipRanks, Goldfarb has an average return of 2.4% and a 50.70% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Macerich with a $20.29 average price target.

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Based on Macerich’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $253.26 million and a GAAP net loss of $87.36 million. In comparison, last year the company earned a revenue of $220.22 million and had a GAAP net loss of $108.19 million

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